SCHUFA has developed a new score made up of twelve criteria. One of them is called credit status. You can find out how this criterion will affect your creditworthiness in future here.

• Subject of the criterion: Credit status
• Points in the score: 0 to 19 points
• Allocation of the minimum score: Open or negatively settled installment loan
  
• Maximum points awarded: Installment loan completed positively

Installment loans include consumer loans (e.g. for furniture, cars or electronics) that have to be repaid in several monthly installments. They represent an additional financial burden. This means that there is less leeway for further expenditure afterwards. The credit status checks whether an installment loan exists. If this is the case, it will worsen the score. However, if the installment loan has already been repaid in full, the score will improve.

The credit status criterion has three characteristics. An open or negative installment loan does not add any points to the score. Not having an installment loan has a positive effect of nine points. For a positively settled installment loan, 19 points are added to the score, as the person has proven that they meet their financial obligations.

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